The company said it has reached an agreement with its largest customer to lower volumes by 50 percent, sparking a sell-off.

UPS stock tumbled on Thursday as investors digested a weaker-than-expected sales forecast as the company scales back its business with Amazon.

UPS, for example, has been delivering packages for Amazon for almost 30 years. But making money from this partnership has grown harder for the $97bn logistics company. UPS’s ability to demand ...

United Parcel Service's decision to cut Amazon's volume by 50% by mid-2026 is a strategic move to enhance profitability. See ...

The surprise announcement last month that UPS will sharply curtail its delivery of packages from Amazon.com was precipitated by a U.S. Postal Service policy change that is likely to force the online ...

United Parcel Service on Thursday forecast downbeat 2025 revenue as it cuts back deliveries for its largest customer, Amazon.com - a move that will shed some of its least-profitable business and help ...

Shortly after announcing they will cut significant amounts of business with Amazon, the United Parcel Service (UPS) stock plummeted to the single largest loss in company history. Stock valuation ...

UNITED Parcel Service (UPS) suffered its biggest one-day share drop after shocking the market by slashing business with the world’s largest online retailer. The move to scale back business with Amazon ...

UPS CEO confirms on the earnings call that the “accelerated glide down” of Amazon volumes was initiated by UPS. “This was not their ask. This was us. This was UPS taking control of our ...

“When you inject big price increases in a marketplace, you open the door to innovation and new offerings,” Mr Gooding said, adding that Amazon is likely to benefit from UPS’ dilemm ...